Latest / Deep End Era. Engineering with Sankalp
Do Economic Sanctions Work? Evidence, Bargaining, Russia's Oil Price Cap, Shadow Fleets and Financial Weaponization
If a coalition controlling half of world GDP cuts an adversary off from Western banks, semiconductor fabs, and maritime insurance, why doesn't the target regime capitulate within months? We build the economics and game theory of sanctions from first principles: the Hufbauer-Schott-Elliott and Pape empirical debate, Eaton and Engers's game-theoretic selection bias, trade elasticities and the Eurasian Roundabout, the microeconomics of the G7 Russian oil price cap and shadow tanker fleets, central bank reserve freezes, and Farrell and Newman's Weaponized Interdependence.
Full episode title: Do…
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